Denali Advisors LLC Purchases Shares of 1,453 AutoNation, Inc. (NYSE:AN)

Denali Advisors LLC purchased a new stake in shares of AutoNation, Inc. (NYSE:AN - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,453 shares of the company's stock, valued at approximately $235,000.

Several other institutional investors have also added to or reduced their stakes in the company. Curat Global LLC purchased a new stake in AutoNation during the 1st quarter valued at $36,000. NewEdge Advisors LLC raised its holdings in AutoNation by 25.5% during the 4th quarter. NewEdge Advisors LLC now owns 315 shares of the company's stock valued at $54,000 after buying an additional 64 shares during the period. GAMMA Investing LLC raised its holdings in AutoNation by 81.1% during the 1st quarter. GAMMA Investing LLC now owns 460 shares of the company's stock valued at $74,000 after buying an additional 206 shares during the period. UMB Bank n.a. raised its holdings in AutoNation by 56.8% during the 1st quarter. UMB Bank n.a. now owns 839 shares of the company's stock valued at $136,000 after buying an additional 304 shares during the period. Finally, Exchange Traded Concepts LLC raised its holdings in AutoNation by 762.6% during the 1st quarter. Exchange Traded Concepts LLC now owns 923 shares of the company's stock valued at $149,000 after buying an additional 816 shares during the period. Hedge funds and other institutional investors own 94.62% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AN shares. Wells Fargo & Company raised their price target on AutoNation from $187.00 to $209.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 9th. Guggenheim decreased their price target on AutoNation from $212.00 to $183.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. decreased their price target on AutoNation from $195.00 to $175.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Wall Street Zen raised AutoNation from a "hold" rating to a "buy" rating in a research note on Saturday, May 10th. Finally, Cfra Research raised AutoNation to a "strong-buy" rating in a research note on Friday, April 25th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $209.88.

AutoNation Trading Up 0.2%

Shares of NYSE AN opened at $196.76 on Monday. The company has a quick ratio of 0.22, a current ratio of 0.77 and a debt-to-equity ratio of 1.72. The business has a fifty day simple moving average of $194.99 and a two-hundred day simple moving average of $182.30. The firm has a market cap of $7.42 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 1.00 and a beta of 0.99. AutoNation, Inc. has a twelve month low of $148.33 and a twelve month high of $217.40.

AutoNation (NYSE:AN - Get Free Report) last issued its earnings results on Friday, April 25th. The company reported $4.68 earnings per share for the quarter, beating analysts' consensus estimates of $4.35 by $0.33. AutoNation had a return on equity of 30.08% and a net margin of 2.51%. The business had revenue of $6.69 billion during the quarter, compared to analyst estimates of $6.53 billion. During the same period in the previous year, the company posted $4.49 EPS. AutoNation's revenue was up 3.2% on a year-over-year basis. Analysts expect that AutoNation, Inc. will post 18.15 earnings per share for the current fiscal year.

AutoNation Company Profile

AutoNation, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Premium Luxury. It offers a range of automotive products and services, including new and used vehicles; and parts and services, such as automotive repair and maintenance, and wholesale parts and collision services.

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